The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACM RESH INC COM CL A 00108J109 41,186,828 1,590,225 SH SOLE 0 325,412 0 1,264,813
ATOUR LIFESTYLE HLDGS LTD SPONSORED ADS 04965M106 13,907,876 427,803 SH SOLE 0 110,810 0 316,993
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 7,671,166 67,641 SH SOLE 0 0 0 67,641
KE HLDGS INC SPONSORED ADS 482497104 33,108,286 1,866,307 SH SOLE 0 353,108 0 1,513,199
BAIDU INC SPON ADR REP A 056752108 40,360,628 470,623 SH SOLE 0 69,099 0 401,524
NEW ORIENTAL ED & TECHNOLOGY SPON ADR 647581206 19,042,947 352,974 SH SOLE 0 153,700 0 199,274
GDS HLDGS LTD SPONSORED ADS 36165L108 54,341,660 1,777,614 SH SOLE 0 292,190 0 1,485,424
H WORLD GROUP LTD SPONSORED ADS 44332N106 9,837,987 290,035 SH SOLE 0 60,822 0 229,213
IQIYI INC SPONSORED ADS 46267X108 14,734,896 8,324,800 SH SOLE 0 2,067,400 0 6,257,400
LEGEND BIOTECH CORP SPONSORED ADS 52490G102 3,815,175 107,500 SH SOLE 0 28,400 0 79,100
PDD HOLDINGS INC SPONSORED ADS 722304102 171,048,768 1,634,328 SH SOLE 0 271,198 0 1,363,130
QIFU TECHNOLOGY INC AMERICAN DEP 88557W101 4,601,840 106,131 SH SOLE 0 15,937 0 90,194
TRIP COM GROUP LTD ADS 89677Q107 8,561,440 146,000 SH SOLE 0 47,200 0 98,800
VNET GROUP INC SPONSORED ADS A 90138A103 84,354,598 12,225,304 SH SOLE 0 4,452,715 0 7,772,589
FULL TRUCK ALLIANCE CO LTD SPONSORED ADS 35969L108 5,744,608 486,419 SH SOLE 0 156,683 0 329,736